Most of the allocation would be spent on completion of existing irrigation schemes and their results would only be felt after a gap
Increase in allocation for MGNREGS, LPG expansion, electrification & smart panchayats
Arun Jaitley's third budget is very different from the previous two and also in a different class from any since May 2014
Jaitley has proposed to amend Sarfaesi Act, 2002 to allow sponsors to hold 100% equity stake in the ARCs
Says FM has provided much-needed tax incentives for new manufacturing companies and reforms for start-ups
Says the FM has sent strong signals to global investors and rating agencies about the govt's commitment to adhering to its earlier decisions
While the objective is commendable, the solution being proposed is not sustainable in the long-run since it will encourage risk-taking with MSP crops
Budget has laid emphasis on enhancing expenditure in farm & rural, and social sector including healthcare, education, skill development, job creation and infrastructure
On the expenditure side, at least, Mr Jaitley seems to have ticked the right boxes with a continuing thrust on infrastructure, particularly roads